We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What you’ll be doing
The Procurement team provides sourcing support to business partners in executing on their priorities across all aspects of the third-party lifecycle, including advising on sourcing approach, supporting supplier selection methodologies (e.g., RFPs), negotiating, and contracting. The team supports a diverse portfolio of Corporate functions which includes Risk, Enterprise Real Estate, Marketing, Finance, HR, and other functional groups. As a Procurement Consultant, you will manage the end-to-end procurement activities focusing on indirect spend categories to support the aforementioned lines of businesses. You will define issues and resolve in an innovative way when our internal clients present requests in a general or ambiguous manner. You will develop and provide a procurement approach and recommendations as part of advisory service to our internal clients based on their business requirements and contract analysis. You will develop, negotiate, execute and implement low to moderate complexity procurement contracts, while ensuring that CIBC risks are mitigated and regulatory requirements & CIBC policies are adhered to. Plus, you will develop contract content (ex. commercial terms and descriptive content) independently or in partnership with a legal resource and lead the contract negotiations and secure authorizations for agreement execution.
At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.
How you’ll succeed
Client Engagement & Relationship Management – Help clients meet their business goals by providing better service and value. Focus on each client experience and make every interaction meaningful. Establish and maintain healthy working relationships with business partners, suppliers, and peers. Develops trusted advisor relationships and provide valued consulting advice to facilitate the effective management and completion of procurement initiatives. Align procurement solutions with the business objectives. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Leads to ensure CIBC’s supplier management framework is implemented.
Risk Management & Industry Knowledge - Ensure the appropriate governance is followed and adhered to for all contracts. Keep abreast of the industry knowledge, innovations and advancements in business practices and operations.
Influencing and Negotiations – Become a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization and the approval processes. Comply with CIBC’s Procurement and Supplier Governance policies and process.
Problem Solving - Listen, ask questions, and put yourself in the client’s shoes. Act like an owner by taking accountability for client issues, and know when to collaborate with others to build a better solution together.
Manage Multiple Priorities - Use effective self-management practices to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Who you are
You can demonstrate experience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes. You maximize efficiencies, processes and systems to meet CIBC business goals. You have strong self-planning skills sufficient to plan your own assignments according to general work plans; ability to multi-task, plan and meet timelines. Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not necessary. You have strong written and oral communication skills and the desire to develop strong influencing and negotiation skills. Knowledge of back office operations, offshoring and outsourcing services based contracts would be an asset.
You're passionate about people. You find meaning in relationships, and build centers of influence. You build trust through respect and authenticity.
You put our clients first. You engage with purpose and the required level of urgency to find the right solutions. You go the extra mile, because it’s the right thing to do.
You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]
CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).
We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 14th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Corporate Services, Management Reporting, Procurement Services, Reporting and Analysis, Strategic Objectives, Vendor Management, Vendor Relationships, Work CollaborativelySkills Required
- Experience in procurement and/or supplier processes, practices, tools, templates, and formal sourcing principles
- Ability to plan assignments, multitask, and meet timelines
- Strong written and oral communication skills
- Influencing and negotiation skills or desire to develop them
- Experience drafting contract schedules such as scopes of work and service-level agreements
- Knowledge of back-office operations, offshoring, and outsourcing-services contracts
- Legal eligibility to work at the specified location and valid work or study permit where applicable
What We Do
CIBC is here to help all our clients reach their goals. We know the importance of reliable financial products and services, and we’re dedicated to providing them in a way that lets you bank however you want, whenever you want. With innovative tools designed around your priorities and a team fully focused on your success, you’ll get the insights you need to get even closer to achieving your goals. This culture of innovation and shared values of trust, teamwork and accountability are why we’ve been named a top employer in Canada. They’re also why a career at CIBC is more than a job—it’s an opportunity to grow and work alongside some of the brightest in Canada. La Banque CIBC est là pour aider tous nos clients à atteindre leurs objectifs. Nous connaissons l'importance de produits et services financiers fiables, et nous nous engageons à les fournir d'une manière qui vous permette d'effectuer vos opérations bancaires comme vous le souhaitez, quand vous le souhaitez. Avec des outils innovants conçus autour de vos priorités et une équipe entièrement centrée sur votre réussite, vous obtiendrez les informations dont vous avez besoin pour vous rapprocher encore plus de vos objectifs. Cette culture de l'innovation et les valeurs partagées de confiance, de travail d'équipe et de responsabilité sont la raison pour laquelle nous avons été nommés l'un des meilleurs employeurs au Canada. C'est aussi pourquoi une carrière à la Banque CIBC est plus qu'un emploi : c'est une occasion de grandir et de travailler aux côtés de certaines des personnes plus brillantes au Canada
.png)
